What was the total amount of accrued salaries and benefits for Batteries Plus Bulbs in 2023?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| Current assets | |||
|---|---|---|---|
| Cash and cash equivalents | $ 10,716 | $ 26,197 | |
| Accounts receivable, net | 29,858 | 25,763 | |
| Merchandise inventories, net | 56,393 | 48,576 | |
| Prepaid expenses | 4,426 | 4,665 | |
| Due from marketing fund | 668 | 1,034 | |
| Total current assets | 102,061 | 106,235 | |
| Property and equipment | |||
| Furniture, fixtures and equipment | 15,913 | 14,383 | |
| Vehicles | 1,841 | 1,740 | |
| Leasehold improvements | 5,118 | 4,739 | |
| Software | 26,733 | 23,913 | |
| Finance lease right-of-use assets | 502 50,107 | 220 44,995 | |
| Accumulated depreciation | (29,978) | (24,213) | |
| Construction in process | 1,196 | 346 | |
| Total property and equipment | 21,325 | 21,128 | |
| Other assets | |||
| Goodwill, net | 35,709 | 25,051 | |
| Other intangible assets, net | 210,372 | 225,292 | |
| Operating lease right-of-use assets, net | 57,761 | 52,047 | |
| Notes receivable | 154 | 184 | |
| Total other assets | 303,996 | 302,574 | |
| LIABILITIES AND MEMBER’S EQUITY | |||
| Current liabilities | |||
| Accounts payable | $ 40,401 | $ 33,297 | |
| Accrued salaries and benefits | 4,928 | 3,618 | |
| Current portion of note payable - store repurchase | 4,050 | - | |
| Accrued warranty | 3,123 | 3,032 | |
| Other accrued expenses | 2,848 | 3,379 | |
| Due to franchisees | 395 | 380 | |
| Current portion of operating lease liabilities | 6,359 | 5,582 | |
| Current portion of finance lease liability | 99 | 44 | |
| Current portion of contract liability | 512 | 1,073 | |
| Total current liabilities | 62,715 | 50,405 |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to the 2025 Batteries Plus Bulbs Franchise Disclosure Document, the total accrued salaries and benefits for the company in 2023 were $3,618. This figure represents the amount of salaries and benefits that Batteries Plus Bulbs had earned but not yet paid out as of the end of the 2023 fiscal year.
For a prospective franchisee, this information provides insight into the company's financial obligations and how it manages its employee compensation. Accrued salaries and benefits are a common liability for businesses, reflecting the timing difference between when employees earn their pay and when they actually receive it. This figure can fluctuate based on the company's pay schedule, the number of employees, and any changes in benefit programs.
Understanding the accrued salaries and benefits can help a franchisee assess the overall financial health and stability of Batteries Plus Bulbs. While a relatively small amount, it is important to consider this figure in the context of the company's other liabilities and assets to get a comprehensive view of its financial position. A prospective franchisee may want to compare this figure to previous years and industry benchmarks to determine if it is within a reasonable range.